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following conditions being met: (a)Title Examination. Purchaser’s receipt of the results, satisfactory to them in their sole discretion, of a title examination to be performed by Purchaser at the ir own expense, and any other documents required by Purchaser ’s title insurer to ensure the Purchaser can obtain title insurance on the Property.I f the title examination reveals a title defect of a character that can be remedied through legal action or otherwise within a reasonable period of time, then Seller shall bear the expense of such action and shall promptly cure such defect. If the defect is not cured within 60 days after Seller receives notice of the defect, then Purchaser shall have the right t o terminate this Agreement, in their sole discretion, and all such deposits, if any, shall be returned to Purchaser and there shall be no further obligations between the parties herein. In the event that Purchaser waives the defect and proceeds to settleme nt there shall be no reduction in the purchase price.(b)General Warranty Deed . Seller shall deliver (by facsimile mail, electronic mail or first -class mail) to the Purchaser a proposed General Warranty Deed for review at least ten (10) days prior to Closin g. Said deed shall contain a reservation of a pedestrian access easement located within the 10’ wide existing storm drain easement on the Property.E ach of the foregoing conditions is, and is intended by each of the parties to be, a condition precedent t o the obligation of either party to proceed to Closing. Purchaser or Seller may elect not to proceed to Closing, without liability or penalty, if one or more of the above -referenced contingencies and/or conditions are not fulfilled to their satisfaction, which approval will not be unreasonably withheld, by delivering written notice to the other party. III.C LOSING (a)Closing will take place in the Office of the City Attorney in City Hall (605 East Main Street,City Hall, Charlottesville, Virginia) on or ab out _________________, 2017.(b )Upon satisfaction of all of the terms and conditions of this Agreement, the Seller at Closing shall deliver and convey to Purchaser, by General Warranty Deed in a form acceptable to Purchaser, marketable fee simple title to th e Property free and clear of any and all liens and encumbrances, subject only to standard permitted exceptions and existing easements of record which do not materially and adversely affect the use of the Property for Purchaser’s intended purposes or render title unmarketable. Seller shall deliver possession of the Property to the Purchaser as of the date of Closing.(c)At the Closing, Seller shall also deliver to Purchaser all documents reasonably requested by Purchaser, including, without limitation, an Own er’s Affidavit to Mechanic’s Liens and Possession reasonably acceptable to Purchaser’s title company. If requested, Seller shall submit a completed W -9 form and wiring instructions to the Purchaser at least five (5) days prior to Closing in order to allow timely wire transfer of purchase price money, less deductions.(d )Seller’s costs: (1) Preparation of General Warranty Deed; and (2) Preparation of other Seller’s documents required hereunder.